LEASES (Tables)

12 Months Ended

Dec. 31, 2025

SCHEDULE OF SUPPLEMENTAL UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS INFORMATION RELATED TO LEASES

Supplemental Consolidated Balance Sheets information related to leases were as follows:

		December 31, 2024				December 31, 2025
		RMB				RMB

Operating leases

Right-of-use assets			194,388				270,325
Operating lease liabilities - current			14,563				35,842
Operating lease liabilities - non-current			180,920				245,373
Total operating lease liabilities			195,483				281,215

Finance leases

Right-of-use assets			1,346,728				1,319,087
Finance lease liabilities - current			183,852				187,541
Finance lease liabilities - non-current			1,141,118				1,081,322
Total finance lease liabilities			1,324,970				1,268,863

SCHEDULE OF SUPPLEMENTAL OF COMPREHENSIVE LOSS RELATED TO LEASES

The components of lease expense are as follows within the Consolidated Statements of Comprehensive Loss:

		2024				2024				2025
		For the fiscal year ended March 31,				For the nine months ended December 31,				For the year ended December 31,
		2024				2024				2025
		RMB				RMB				RMB

Operating lease expense:
Operating lease expense			20,115				19,058				33,827
Short-term lease expense			5,452				1,909				3,666
Total operating lease expenses			25,567				20,967				37,493
Finance lease expense:
Amortization expense			14,290				21,029				27,641
Interest expense			41,184				60,662				76,368
Total finance lease expenses			55,474				81,691				104,009
Total lease expenses			81,041				102,658				141,502

SCHEDULE OF SUPPLEMENTAL OTHER INFORMATION RELATED TO LEASE

Other information related to leases where the Group is the lessee was as follows:

		December 31, 2024				December 31, 2025

Weighted average remaining lease term
Operating leases			8.00				6.28
Finance leases			8.75				7.75
Weighted average incremental borrowing rate
Operating leases			4.30	%			4.09	%
Finance leases			6.58	%			6.58	%

SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO LEASES

Supplemental cash flow information related to leases were as follows:

		2024				2024				2025
		For the fiscal year ended March 31,				For the nine months ended December 31,				For the year ended December 31,
		2024				2024				2025
		RMB				RMB				RMB

Operating cash outflows from operating leases			18,011				16,701				24,032
Right-of-use assets obtained in exchange for operating lease liabilities			97,731				39,301				100,867
Right-of-use assets obtained in exchange for finance lease liabilities, after modification			1,353,827				28,220				-

SCHEDULE OF MATURITIES OF LEASE LIABILITIES

Maturities of lease liabilities are as follows:

		December 31, 2025
		Finance lease				Operating lease
		RMB				RMB

Matured as of December 31, 2025			127,746				-
Fiscal year ended December 31, 2026			132,474				47,004
Fiscal year ended December 31, 2027			132,474				49,958
Fiscal year ended December 31, 2028			132,474				51,704
Fiscal year ended December 31, 2029			132,474				54,180
Fiscal year ended December 31, 2030			132,474				53,658
Thereafter			922,384				66,665
Total lease payments			1,712,500				323,169
Less: imputed interest			(443,637	)			(41,954	)
Total lease liabilities			1,268,863				281,215
Less: current portion			(187,541	)			(35,842	)
Non-current portion of lease liabilities			1,081,322				245,373